borrowing when incurring interest charges. The insights likely prove informative for economies transitioning from cash-heavy to …

The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high …

riders have the option to use cash or credit cards to pay for rides. We use three field experiments involving approximately … 400,000 riders to estimate the loss of private benefits for riders if a ban on cash payments is implemented. We find that … Uber riders, using cash as means of payment either sometimes or exclusively, suffer an average loss of approximately 50% of …

We study the mechanisms through which the adoption of the Euro delayed, rather than advanced, economic reforms in the … Euro zone periphery and led to the deterioration of important institutions in these countries. We show that the abandonment … process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …

probabilities as well as the ongoing inflow from burning UST coins. Agents sell their UST coins when the probability of an eventual …